Category: News

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How Big Companies Should Innovate

“Mature corporations are designed to execute on the science of delivery — not engage in the art of discovery. They’re bad at innovation by design: All the pressures and processes that drive them toward a profitable, efficient operation tend to get in the way of developing the innovations that can actually transform the business.”

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Consumer Confidence Unexpectedly Rises in October

U.S. consumer confidence has jumped to its highest level since before the recession began five years ago. “The Thomson Reuters October consumer sentiment index increased to 83.1, the highest level since September 2007.”

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Defense Secretary Warns of Possible Cyber Pearl Harbor

Defense Secretary Leon E. Panetta stated in a recent address that the United States faces a strong possibility of a cyber attack that could “dismantle the nation’s power grid, transportation system, financial networks and government.” The warning comes after increasing aggressiveness along with technological advances from China, Russia, Iran, and militant groups.

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Romney’s Ideas For Itemized Tax Deductions

Republican presidential nominee Mitt Romney recently discussed his proposed changes to the U.S. tax code, “suggesting he would support a cap on deductions, including those for mortgage interest and charitable donations.” Further, he has suggested cutting tax rates by 20% across the board.

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U.S. Construction Spending Decreased in August

“Construction spending in the U.S. unexpectedly fell in August for a second month as declines in commercial and government projects overshadowed the strongest pace of home building in three years.”

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